PESECO LIMITED
Get an alert when PESECO LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-15 (in 6mo)
Last made up 2025-11-01
Watchouts
None on the register
Cash
£77K
USD 103,632
-84.3% lowest in 3 filed years
Net assets
£1M
USD 1,849,626
+1% vs 2023
Employees
11
+37.5% highest in 3 filed years
Profit before tax
£45K
USD 59,939
-91.7% first positive since 2021
Net assets
7-year trend · vs Energy median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £9,004,220 | — | £15,208,770 | £9,804,874 | |
| Operating profit | — | — | — | -£953,522 | — | £575,717 | £69,559 | |
| Profit before tax | — | — | — | -£967,846 | — | £542,396 | £44,808 | |
| Net profit | — | — | — | -£786,097 | — | £368,598 | £52,935 | |
| Cash | — | — | — | £172,177 | — | £493,434 | £77,470 | |
| Total assets less current liabilities | — | — | — | £2,445,429 | — | £1,369,475 | £1,382,691 | |
| Net assets | — | — | — | — | — | £1,369,475 | £1,382,691 | |
| Equity | £700,802 | £3,599,292 | £3,231,526 | £2,445,429 | £3,338,734 | £1,369,475 | £1,382,691 | |
| Average employees | — | — | — | 8 | — | 8 | 11 | |
| Wages | — | — | — | — | — | £369,942 | £399,495 | |
| Directors' remuneration | — | — | — | — | — | £423,151 | £449,720 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-35.5%
£15,208,770 £9,804,874
-
Cash
-84.3%
£493,434 £77,470
lowest in 3 filed years
-
Net assets
+1%
£1,369,475 £1,382,691
-
Employees
+37.5%
8 11
highest in 3 filed years
-
Operating profit
-87.9%
£575,717 £69,559
first positive since 2021
-
Profit before tax
-91.7%
£542,396 £44,808
first positive since 2021
-
Wages
+8%
£369,942 £399,495
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -10.6% | — | 3.8% | 0.7% | |
| Net margin | — | — | — | -8.7% | — | 2.4% | 0.5% | |
| Return on capital employed | — | — | — | -39.0% | — | 42.0% | 5.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 71.0% | 65.6% | |
| Current ratio | — | — | — | — | — | 1.41x | 1.46x | |
| Interest cover | — | — | — | -65.35x | — | 16.90x | 2.65x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- PESECO LIMITED 2024-09-03 → present
- PETROLEUM EQUIPMENT SUPPLY ENGINEERING COMPANY LIMITED 1998-11-09 → 2024-09-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Both the group and the company meet their day-to-day working capital requirements through its cash reserves and continued trading. Both continue to work closely with Barclays and makes use of a trade loan facility which helps with cashflow management. The group's and the company's forecasts and projections, taking account of potential changes in trading performance, show that they both will be able to operate within the level of its current cash reserves. The group can also rely on financial support from its parent company, if required. Both therefore continue to adopt the going concern basis in preparing financial statements.”
Group structure
- PESECO LIMITED · parent
- PESECO B.V. 100%
Significant events
- “The company changed name from Petroleum Equipment Supply Engineering Company Limited to PESECO Limited on 3 September 2024.”
- “Mr Maarten Bruggink resigned on 29 August 2024 and Mrs Ilirjana Bradley was appointed on 29 August 2024.”
- “PESECo Limited acquired the entire share capital of PESECO B.V. on 1 July 2024 for €1.”
- “Until 30 June 2024, the immediate parent undertaking was IPS Group Holding B.V., then changed to Iteco General Trading DMCC on 1 July 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RAEBURN CHRISTIE CLARK & WALLACE LLP | Corporate Secretary | 2019-08-01 | — | — |
| BRADLEY, Ilirjana | Director | 2020-04-16 | Jun 1978 | British |
| GLOBAL RENEWABLE ENERGY INVESTMENTS B.V. | Corporate Director | 2024-08-29 | — | — |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURNSIDE KEMP FRASER ADVOCATES | Corporate Secretary | 1998-11-09 | 2004-05-01 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 1998-11-09 | 1998-11-09 |
| RAEBURN CHRISTIE CLARK & WALLACE | Corporate Secretary | 2004-05-01 | 2019-07-31 |
| BATTENSBY, Stanley | Director | 2010-09-29 | 2020-05-27 |
| BRADLEY, Ilirjana (Lila) | Director | 2010-09-29 | 2018-02-21 |
| BRUGGINK, Maarten Roderik | Director | 2020-04-16 | 2024-08-29 |
| DUIJNDAM, Bart Edward | Director | 2008-12-09 | 2018-03-30 |
| GILCHRIST, Derek | Director | 2010-09-29 | 2017-03-28 |
| VAN DEN BOS, Gaby | Director | 2008-03-26 | 2008-06-16 |
| WOODROW, Timothy John | Director | 1998-11-09 | 2010-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bart Edward Duijndam | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-08-19 | Active |
| Mr Bart Edward Duijndam | Individual | Shares 75–100%, Voting 75–100% | 2018-04-11 | Ceased 2023-09-29 |
| Peseco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2018-03-30 |
Filing timeline
Last 20 of 112 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-03 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-23 | AA | accounts | Accounts with accounts type group | |
| 2024-11-15 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-15 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-09-03 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-09-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-02 | AP02 | officers | Appoint corporate director company with name date | |
| 2024-07-30 | AA | accounts | Accounts with accounts type full | |
| 2023-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-15 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2023-11-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-03-15 | AA | accounts | Accounts with accounts type full | |
| 2022-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-24 | AA | accounts | Accounts with accounts type full | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-23 | AA | accounts | Accounts with accounts type full | |
| 2020-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.